Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : International Precious Metals (IPMCF) -- Ignore unavailable to you. Want to Upgrade?

To: O. H. Rundell who wrote (28063)	11/22/1997 11:42:00 AM
From: Larry Brubaker	Read Replies (2) \| Respond to of 35569

"Regarding the financing: Why would anyone loan IPM $10MM at a rate below prime? Of course, as of the present, no one has. But if someone should loan them the money, what extra juice do you suppose would have to be part of the financing...." OH: Good questions. I think my disbelief of the way they presented the financing was as responsible as the low assay numbers for my selling on Monday. Let's see here, according to the details IPM has released, we are supposed to believe that: a) someone is willing to loan money at BELOW market interest rates on an extremely risky venture, AND b) if they decide to convert their loan to equity, they have to covert at ABOVE market prices. Microsoft could not get a loan on these kind of terms. Why would anyone in their right mind believe IPM could? I guess I should thank IPM for putting out something so ridiculous that it made my decision much easier.